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☆ Climate and infrastructure startups are leaning into modularity — and investors are paying attention
▼ + stars: | 2024-03-11 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +5 min

The lines between climate tech and infrastructure startups have become increasingly blurred. Investments in infrastructure startups over time. Permitting remains a massive roadblock for climate projects and modularity can be one way to "get around some of those hurdles," added Ben Wolkon, partner at MUUS Climate Partners. Modular tech can also be distributed and containerized, with some startups hoping to roll out with partners on-site. It's not just industrial startups that are going modular and distributed — it encompasses carbon capture, water filtration, food systems, and energy, said Regeneration.VC's Hoffman.

Persons: Katie Hoffman, Mike Schroepfer, Seonghoon Woo, Tim Boeltken, Sierra Peterson, Ben Wolkon, It's, Regeneration.VC's Hoffman Organizations: Business, Venture, Investments, Facebook, Gigascale, MUUS Climate Partners Locations: Paris, New York

☆ Jobs and geopolitical threats will keep climate tech in spotlight even if Biden is voted out, insiders say
▼ + stars: | 2024-02-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +6 min

Read previewPresident Biden has won quite a few fans in the climate tech sector during this time in office. Legislation, including the IRA, the Bipartisan Infrastructure Law, and the CHIPS and Science Act, has unlocked enormous amounts of capital that bolsters climate tech innovation and adoption. The Swiss company would have expanded Stateside eventually, but such policies helped it pick up pace, said Andrew Fishbein, Climeworks' senior policy manager in the US. For example, Regeneration VC doesn't factor subsidies into its investment decisions or portfolio companies' financial projections. Advertisement"Who knows, maybe 2024 is going to be a banner year for climate tech," he said.

Persons: —, Biden, Sierra Peterson, Anna, Alexia Basile, Katie Hoffman, Hoffman, Climeworks, Andrew Fishbein, We're, Kevin Stevens, Trump, VC's Hoffman, Energize Capital's Stevens, Ben Wolkon Organizations: Service, Business, Voyager Ventures, Infrastructure Law, Regeneration, Battery, Trump, Future, Department of Energy, Energize Capital, MUUS Climate Partners Locations: Paris, Nevada , Arizona, Louisiana, North Dakota, California, Swiss, Washington

☆ Climate tech startups Montinutra, Harvest Thermal, Bisly, and Twig recently raised a combined $13.6 million. We got a look at the pitch decks they used to raise the funds.
▼ + stars: | 2023-11-07 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Climate tech startups Montinutra, Harvest Thermal, Bisly, and Twig have recently raised a collective $13.6 million between them as early-stage deals continue to dominate the venture capital industry. Biochemicals startup Montinutra, founded in 2018, raised 2 million euros, $2.1 million, in October to convert forestry sidestreams into sustainable alternatives to petrochemicals. Check out the 18-slide pitch deck below:MontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraMontinutraHeat pump startup Harvest Thermal raised $4 millionCalifornia-based Harvest Thermal raised a $4 million round for its heat pump and thermal storage combination in October. It is riding political tailwinds amid the US' recent commitment to install 20 million heat pumps by 2030. Check out the redacted pitch deck that it used to raise the funds below:Harvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalHarvest Thermal Harvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalHarvest ThermalBuilding energy management startup Bisly secured $3.8 millionEstonian startup Bisly, which wants to make it cheaper to improve the energy efficiency of buildings, just raised 3.6 million euros, $3.8 million, in seed funding in October.

Persons: Twig, Pajunen, Portfolia, Russ Tucker Organizations: Metsä, Earth Foundry, Climate Partners, Starshot, National Science Foundation, California Energy Commission, International Energy Agency, Aconterra, Second Century Ventures, SmartCap, Fund, Pinorena, Innovation, Seed Fund Locations: California, London

☆ Gavin Newsom, on Climate Mission to China, Gets an Audience With Xi
▼ + stars: | 2023-10-25 | by ( Tiffany May | More About Tiffany May | ) www.nytimes.com time to read: +1 min

Gavin Newsom, the governor of California, met with China’s leader, Xi Jinping, in Beijing on Wednesday, according to the Chinese state media, as part of an ambitious weeklong mission to negotiate climate partnerships. The two-term Democratic governor wants California to set an aggressive pace for the United States — and the world — to cut carbon emissions that are dangerously heating the planet. Mr. Newsom’s moves to tackle the climate crisis have elevated his national profile, just as he is widely believed to be preparing for a White House run in 2028. Mr. Xi met with Mr. Newsom in the Great Hall of the People, a grand building on the west side of Tiananmen Square where he often receives dignitaries. In an official summary of the meeting published by Chinese state media, Mr. Xi was quoted as saying he hoped Mr. Newsom’s visit would help promote ties between their countries.

Persons: Gavin Newsom, Xi Jinping, Newsom’s, Chuck Schumer, Xi, Newsom Organizations: Democratic, United, United States —, Mr, of Locations: California, Beijing, United States

☆ How US allies can mitigate Trump 2.0
▼ + stars: | 2023-05-29 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

LONDON, May 29 (Reuters Breakingviews) - A return to the White House by Donald Trump would create challenges for the world’s other rich democracies. TRUMP IN POLYCRISISBiden has painstakingly created a consensus with his core allies since Putin invaded Ukraine last year. PREPARE FOR THE WORSTThe world’s other rich democracies - call them the G6 - cannot change the outcome of the U.S. presidential election. Politicians in other rich democracies can also try to persuade Republican leaders that now is not the time to abandon Kyiv. If other rich democracies adopt a vigorous mitigation strategy now, they’ll be better prepared if Trump does return.

Despite SVB's demise knocking the value of banks globally, particularly European lender Credit Suisse, U.N. climate envoy Mark Carney said he, too, did not expect a "material" impact on climate tech funding. "At a minimum, this will likely drive continued tightening of investments and a push to have their portfolio companies cut (cash) burn," it said in a note. Mona Dajani, partner at law firm Shearman and Sterling, said most of her clean energy clients either banked with SVB or faced some other impact from its troubles. SVB "cultivated a reputation as being very friendly to clean energy... they were willing to underwrite more risk," she said. "Not all the companies are going to make it and now that’s happening to climate companies."

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